Shares of D-Wave Quantum (QBTS, Financial) have seen a decline of 56 cents, settling around $15.96. Recent trading activities show the options volume at 54,000 contracts with a preference towards calls over puts, reflected in a put/call ratio of 0.39, which is lower than the standard 0.5. The implied volatility, or IV30, decreased by 5.95 to reach 111.65, ranking it in the lower 25% over the past year. This suggests an anticipated daily price fluctuation of about $1.12. Additionally, a steepening in the put-call skew points towards a heightened interest in protective strategies against potential downturns.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for D-Wave Quantum Inc (QBTS, Financial) is $12.60 with a high estimate of $13.00 and a low estimate of $12.00. The average target implies an downside of 21.13% from the current price of $15.98. More detailed estimate data can be found on the D-Wave Quantum Inc (QBTS) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, D-Wave Quantum Inc's (QBTS, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for D-Wave Quantum Inc (QBTS, Financial) in one year is $2.32, suggesting a downside of 85.48% from the current price of $15.975. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the D-Wave Quantum Inc (QBTS) Summary page.
QBTS Key Business Developments
Release Date: May 08, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- D-Wave Quantum Inc (QBTS, Financial) reported record quarterly revenue of $15 million, a significant increase from the previous year.
- The company achieved a milestone by demonstrating quantum supremacy on a real-world problem, outperforming classical computing.
- D-Wave Quantum Inc (QBTS) has a strong cash position with $304 million, which is expected to support the company in reaching profitability.
- The company has expanded its customer base, including notable partnerships with Ford AutoSon and Japan Tobacco for production applications.
- D-Wave Quantum Inc (QBTS) introduced new hybrid quantum solver capabilities, enhancing its quantum optimization offerings and expanding use cases.
Negative Points
- Bookings for the first quarter decreased by 64% compared to the previous year, indicating potential challenges in securing new contracts.
- The company reported a net loss of $5.4 million for the quarter, although this was an improvement from the previous year.
- There is a strong gate model bias in the US government, which may hinder D-Wave Quantum Inc (QBTS)'s efforts to sell systems domestically.
- The transition from proof of concept to production for customer applications can be time-consuming, potentially delaying revenue realization.
- D-Wave Quantum Inc (QBTS) has not yet achieved error correction capabilities for gate model quantum computers, which could impact future competitiveness.
